Welcome to our dedicated page for Avalon Advanced news (Ticker: AVLNF), a resource for investors and traders seeking the latest updates and insights on Avalon Advanced stock.
Avalon Advanced Materials Inc. (OTCQB: AVLNF) generates news centered on its role as a Canadian critical minerals company focused on rare earth elements and lithium. Company updates frequently highlight progress at the Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories, as well as steps toward building a vertically integrated lithium supply chain in Ontario through Lake Superior Lithium Inc. and related projects.
News releases cover technical milestones, such as Avalon's work with Engina Corporation on the Hybrid Supercritical Refining process for Nechalacho concentrate and the successful production of lithium hydroxide and analcime using Metso's Alkaline Leach Process at its planned Thunder Bay lithium processing facility. These items provide insight into how Avalon is evaluating processing technologies it describes as lower impact and aligned with Canadian critical minerals and environmental objectives.
Investors following AVLNF can also find announcements about capital markets activity, including brokered financings under the listed issuer financing exemption and the conclusion of funding agreements, which the company links to advancing feasibility studies for Nechalacho and the Thunder Bay lithium refinery. Corporate and governance developments, such as appointments in public affairs and government relations or changes to shareholder meetings, are also disclosed through news updates.
This news feed offers a centralized view of Avalon's project-level developments, financing plans, technical collaborations, and corporate actions related to its rare earth and lithium initiatives in Canada. Readers interested in AVLNF stock and Avalon's critical minerals platform can use these updates to monitor how the company reports progress on its stated strategy and key projects over time.
Avalon Advanced Materials (TSX: AVL) (OTCQB: AVLNF) has appointed Mark N.J. Ashcroft, P.Eng., as a Strategic Consultant to its wholly owned subsidiary, Lake Superior Lithium Inc. (LSLi). This appointment strengthens Avalon's governance framework as it develops the proposed 30,000-tonne lithium processing facility in Thunder Bay, Ontario.
The LSLi Facility aims to be Ontario's first midstream lithium hydroxide processing facility, converting locally mined lithium concentrates into battery-grade lithium hydroxide. This represents a vital link in the critical minerals supply chain for downstream electric vehicle battery manufacturing in southern Ontario.
Additionally, Avalon announced leadership changes: Scott Monteith has assumed the role of President (in addition to his CEO position), Zeeshan Syed has become Vice-President of External Affairs and Partnerships, and Rickardo Welyhorsky departed the company in January 2025.
Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) has secured CAD $3.5 million in convertible debenture financing from major shareholder Sibelco. The new funding replaces an existing CAD $3.0 million debenture, resulting in a total principal amount of CAD $6.5 million. The debenture matures on November 18, 2026, bearing a 7.5% annual interest rate. The funds will advance the Lake Superior Lithium Project, which recently showed positive PEA results with an after-tax NPV of CAD $4.1 billion, and the Nechalacho REE Project. If not repaid at maturity, Sibelco can convert the amount into Avalon shares or increase its stake in the joint venture company to 90%.
Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) has signed a memorandum of understanding with Qualcomm Technologies for a strategic collaboration focused on their Thunder Bay lithium processing facility. The partnership aims to implement Industrial & Edge technologies to enhance operational efficiency and optimize data management. The collaboration will develop IoT-enabled solutions and create a digital infrastructure supporting mining activities. This initiative will help establish Ontario as a technology hub for mining innovation, involving local SMEs in the digital transformation of Canada's critical minerals sector. The companies will host a Mining Innovation and Technology Roundtable in Toronto on November 13, 2024.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) has released the results of a third-party economic and labour study for its proposed lithium processing facility in Thunder Bay, Ontario. The study, conducted by RIAS Inc., highlights the significant economic and labour impacts of the Lake Superior Lithium Project from local to national levels.
Key highlights include:
- Construction phase (2027): GDP impact of $754 to $878 million nationally
- Operational phase (2028-2058): GDP impact of $31.0 billion nationally
- Total employment impact: 78,903 to 82,464 person-years nationally
- 128 permanent full-time jobs during operations
The project aligns with the Sustainable Jobs Act and aims to create a skilled workforce for the emerging lithium processing sector. Thunder Bay's mayor, Ken Boshcoff, emphasized the project's role in revitalizing Canada's economy and boosting the region's presence in electric vehicle and battery storage technologies.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) has released a video rendering of its proposed lithium processing facility at the Lake Superior Lithium Project in Thunder Bay, Ontario. The video showcases the facility's innovative battery-grade lithium hydroxide conversion process, from spodumene transport to final product packaging. This release follows the completion of a Preliminary Economic Assessment (PEA) for the project, which demonstrates strong economic viability.
Key PEA highlights include:
- After-tax Net Present Value (NPV): $4.1 billion at an 8% discount rate
- After-tax Internal Rate of Return (IRR): 48% over 30 years
- Total Capital Cost (CAPEX): $1.3 billion
The project is positioned as a strategic investment in advanced manufacturing for Ontario and energy security for North America.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) has announced plans to develop a zero-emission solar farm at its Thunder Bay industrial site, the future location of its lithium processing facility. This initiative highlights Avalon's commitment to sustainability and positions Ontario as a leader in advanced manufacturing and clean energy.
The proposed solar farm will repurpose unused land and utilize rooftop space, potentially generating enough renewable energy to fully support the lithium processing facility's energy requirements. This clean energy solution will help offset the facility's carbon footprint, contributing to Avalon's goal of achieving Net Zero emissions.
Strategically located near key electrical grid distribution lines, the solar farm will benefit from reduced transmission losses, enhancing energy efficiency. CEO Scott Monteith emphasized the company's commitment to building with the future in mind, integrating solar capacity to minimize environmental impact.
Avalon Advanced Materials Inc. (TSX: AVL, OTCQB: AVLNF) has completed a Preliminary Economic Assessment (PEA) for its Lithium Hydroxide Processing Facility project in Thunder Bay, Ontario. The PEA demonstrates compelling economic viability with key highlights including:
- After-tax Net Present Value (NPV) of $4.1 billion at 8% discount rate
- After-tax Internal Rate of Return (IRR) of 48% for the 30-year period
- Initial Capital Cost of $1.2 billion and Total Capital Cost of $1.3 billion
- All-in Life-of-Project Operating Costs of $13,029/tonne
The project aims to produce 30,000 tonnes of battery-grade lithium hydroxide annually using innovative Metso Technology. Strategically located on brownfield industrial property with existing infrastructure, the project is well-positioned for permitting and development.
Avalon Advanced Materials (TSX: AVL) (OTCQB: AVLNF) and its JV partner Sibelco report significant lithium drill results from the Separation Rapids Project in Ontario. Highlights include:
- SR24-121: 1.54% Li2O over 136.95 meters from 321.00m, including 2.28% Li2O over 4.00 meters from 421.00m
- SR24-119: 1.87% Li2O over 17.15 meters from 284.40m
- SR24-120: 1.60% Li2O over 12.80 meters from 66.15m
The results indicate potential for resource expansion, especially at depth. An updated Mineral Resource Estimate is planned for Q3 2024, incorporating the new drill data. The total drill meterage has increased from 18,500 to 26,241 meters. A property-wide mapping program covering 5 kilometers along strike was completed in July 2024 for further evaluation.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) and its JV partner Sibelco are updating the mineral resource estimate for the Separation Rapids Project in Kenora, Ontario. The 2024 winter drill campaign showed significant lithium intersections, including:
- SR24-114: 1.67% Li2O over 105.6m from 313.5m depth
- SR24-113: 1.68% Li2O over 66.2m from 292.2m depth
- SR24-115: 1.81% Li2O over 13.8m from 93.5m depth
These results confirm high-grade lithium and potential to increase the mineral resource base. The updated MRE is expected in Q3 2024. Avalon's CEO Scott Monteith expressed confidence in increasing the resource base and highlighted the project's importance for Canada's Critical Mineral Strategy and Avalon's Thunder Bay Processing facility.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) reports significant lithium intersections from its 2024 winter drill campaign at the Separation Rapids Project in Ontario. Key highlights include:
- SR24-114: 1.67% Li2O over 105.6m from 313.5m depth
- SR24-113: 1.68% Li2O over 66.2m from 292.2m depth
- SR24-115: 1.81% Li2O over 13.8m from 93.5m depth
The drilling campaign focused on upgrading and expanding mineral resources at the Big Whopper Deposit. Results indicate potential for resource expansion, particularly at depth. Ongoing work includes geotechnical studies, mineralogical analysis, and environmental baseline studies. A property-wide mapping program is set to commence in late July 2024.
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